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Rating: ★ ★ ★ ★ ☆

IIFL Focused Equity Fund Direct Growth

NAV

17.018
+ 0.233

as on (05 Jun, 2020)

RETURNS

6.97 %

Fund Type

Open Ended

Investment Plan

Growth

Expense Ratio

0.9 %

Benchmark

S&P BSE 200 India TR INR

Asset Size

785.87 Cr.

(As of 30 Apr, 2019)

Risk

Moderately High

Objective

The investment objective of the scheme is to generate long term capital appreciation for investors from a portfolio of equity and equity related securities. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Fund manager

Prashastha Seth

(since 03 Nov, 2016)

Exit load

4 %

(If redeemed within 90 days)

Minimum sip

₹ 1000

minimum investment

₹ 5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

HDFC Bank Ltd

9.78 %

Merck Ltd

8.04 %

Infosys Ltd

5.87 %

State Bank of India

5.66 %

Sector Allocation

About the Scheme Type

Focused Fund

Focused Funds have shares in limited number of companies (typically less than thirty companies) as well as in limited number of sectors (typically less than 3 sectors). Now, the reason why mutual funds are so popular is because of diversification only, but while that may be a good things when it comes to investments, too much diversification might also result in nominal returns. Hence, a Focused Fund, because of itsfocused approach on a few units can deliver market beating returns, the less diversification can also mean more exposure torisks.